Spanish Fort, AL Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Spanish Fort, Alabama Market population: 7K. Compare commercial properties across all major asset classes...
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10 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Spanish Fort AL Properties: 0.3500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Spanish Fort AL
Common questions from investors exploring commercial real estate in Spanish Fort AL.
What's the overall investment potential of Spanish Fort, AL, considering its demographics and economy?
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With a median household income of $69,608 and a poverty rate of 5.5%, Spanish Fort indicates a stable market, further supported by its 92.4% health insurance coverage, suggesting a population with access to resources. The top industries, including manufacturing and finance, also point to a diverse economy, which can lead to a more resilient rental market.
How does the commute time and transportation infrastructure impact the quality of life for renters in Spanish Fort?
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The average commute time of 25.7 minutes, combined with the prevalence of driving alone and carpooling, suggests that Spanish Fort has a manageable commute, which is beneficial for renters. Additionally, the 92.4% health insurance coverage and low poverty rate of 5.5% indicate a high quality of life, making it an attractive location for potential tenants.
What role does ethnic diversity play in the demand for real estate in Spanish Fort, and how does it affect investment?
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The ethnic diversity, with 45.3% White and 3.2% Black populations, contributes to a varied community, which can lead to a broader range of potential tenants. When considering the top industries, such as manufacturing and finance, and the median household income of $69,608, it suggests a demand for housing that can accommodate different professionals and families, thereby supporting real estate investment.
How do property values and taxes in Spanish Fort impact the ROI for real estate investors?
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With a median property value of $207,900 and median property taxes of $1,732, Spanish Fort presents a relatively balanced investment opportunity. Considering the 61.3% homeownership rate and the low poverty rate of 5.5%, it indicates a stable housing market, which can contribute to a favorable return on investment, especially when factoring in the city's diverse economy and manageable commute times.
What are the implications of the income inequality and employment rates on the rental market in Spanish Fort?
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The GINI coefficient of 0.4, indicating a moderate level of income inequality, combined with an employed population of 3,864 and a low poverty rate of 5.5%, suggests a relatively stable workforce. This stability, along with the 92.4% health insurance coverage, can lead to a reliable rental market, as tenants are more likely to have consistent income and access to healthcare, reducing the risk for investors.
Spanish Fort AL Real Estate & City Facts
Key facts and real estate information about Spanish Fort AL.
What are some of the best neighborhoods to live in Spanish Fort?
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Some of the best neighborhoods to live in Spanish Fort, AL, include Spanish Fort Estates, TimberCreek, Stonebridge, and Osprey Ridge. These neighborhoods offer a range of amenities, including waterfront views, parks, and community amenities. However, it's worth noting that some areas of the city may be more prone to flooding or have higher crime rates, so it's essential to research and visit each neighborhood before making a decision.
What are some fun things to do in Spanish Fort?
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There are plenty of fun things to do in Spanish Fort, AL, including visiting Historic Blakeley State Park, Meaher State Park, 5 Rivers - Alabama's Delta Resource Center, and Gulf State Park. You can also explore the city's shopping and dining options, such as the Pier House restaurant, which offers waterfront dining and fresh Gulf seafood. Additionally, the city hosts various events and festivals throughout the year, including the Spanish Fort Festival and the Baldwin County Fair.
What is the food scene like in Spanish Fort?
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The food scene in Spanish Fort, AL, is diverse and delicious, with a range of restaurants serving everything from fresh seafood to Italian cuisine. Some popular restaurants include The Original Oyster House, Bella Italia Restaurante, Trattoria Pizza & Italian, Amici Trattoria Wine Bar & Market, and Pier House. There are also plenty of great food trucks and casual eateries to try. However, it's worth noting that some restaurants may have limited hours or be closed during the off-season, so it's a good idea to check ahead of time.
What are the pros and cons of living in Spanish Fort?
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The pros of living in Spanish Fort, AL, include its beautiful waterfront location, outdoor recreational opportunities, and small-town charm. However, some cons include the potential for flooding, higher crime rates in some areas, and limited job opportunities. Additionally, the city can be quite crowded during the summer months, which may be a drawback for some residents. Overall, it's essential to weigh the pros and cons carefully and consider what's most important to you when deciding whether to live in Spanish Fort.
Is Spanish Fort a good place to live?
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Spanish Fort, AL, can be a great place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. The city offers a range of amenities, including good schools, parks, and community events, and its waterfront location is hard to beat. However, it's not without its challenges, including the potential for flooding and limited job opportunities. Ultimately, whether Spanish Fort is a good place to live depends on your individual priorities and preferences. If you're looking for a relaxed, small-town lifestyle with plenty of opportunities for outdoor fun, Spanish Fort may be an excellent choice.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Spanish Fort AL Commercial Property: $69,608
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
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⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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